ReposiTrak Disrupts Traceability, Launches Solution for Suppliers to Send Clean Traceability Data to Any Customer
ReposiTrak (NYSE:TRAK) has launched 'Traceability for Everyone,' an expanded capability of its ReposiTrak Traceability Network® that enables suppliers to share traceability data with any customer for as low as $49 per month. The cloud-based platform helps suppliers resolve data errors and generate clean, accurate files that meet different customer requirements.
The solution addresses the challenge of varying traceability requirements from different retailers and wholesalers, allowing suppliers to manage all their traceability data in one place. According to CEO Randy Fields, up to 35% of initial files contain errors, which ReposiTrak helps identify and correct.
Key benefits include:
- Strengthened relationships with retailers and distributors
- Reduced risk of recalls and compliance violations
- Improved operational efficiency through elimination of redundant recordkeeping
ReposiTrak (NYSE:TRAK) ha lanciato 'Tracciabilità per Tutti', una funzionalità ampliata della sua Rete di Tracciabilità ReposiTrak® che consente ai fornitori di condividere dati di tracciabilità con qualsiasi cliente a partire da soli 49 dollari al mese. La piattaforma basata su cloud aiuta i fornitori a risolvere errori nei dati e a generare file puliti e accurati che soddisfano i diversi requisiti dei clienti.
La soluzione affronta la sfida dei requisiti di tracciabilità variabili da parte di diversi rivenditori e grossisti, consentendo ai fornitori di gestire tutti i loro dati di tracciabilità in un unico posto. Secondo il CEO Randy Fields, fino al 35% dei file iniziali contiene errori, che ReposiTrak aiuta a identificare e correggere.
I principali vantaggi includono:
- Rafforzamento delle relazioni con rivenditori e distributori
- Riduzione del rischio di richiami e violazioni di conformità
- Miglioramento dell'efficienza operativa attraverso l'eliminazione della registrazione ridondante
ReposiTrak (NYSE:TRAK) ha lanzado 'Trazabilidad para Todos', una capacidad ampliada de su Red de Trazabilidad ReposiTrak® que permite a los proveedores compartir datos de trazabilidad con cualquier cliente por tan solo 49 dólares al mes. La plataforma basada en la nube ayuda a los proveedores a resolver errores de datos y generar archivos limpios y precisos que cumplen con los diferentes requisitos de los clientes.
La solución aborda el desafío de los requisitos de trazabilidad variables de diferentes minoristas y mayoristas, permitiendo a los proveedores gestionar todos sus datos de trazabilidad en un solo lugar. Según el CEO Randy Fields, hasta el 35% de los archivos iniciales contienen errores, que ReposiTrak ayuda a identificar y corregir.
Los beneficios clave incluyen:
- Fortalecimiento de las relaciones con minoristas y distribuidores
- Reducción del riesgo de retiradas del mercado y violaciones de cumplimiento
- Mejora de la eficiencia operativa mediante la eliminación de la duplicación de registros
ReposiTrak (NYSE:TRAK)는 '모두를 위한 추적 가능성'을 출시했습니다. 이는 ReposiTrak 추적 가능성 네트워크®의 확장된 기능으로, 공급업체가 고객과 추적 가능성 데이터를 공유할 수 있도록 하며, 월 49달러부터 이용할 수 있습니다. 클라우드 기반 플랫폼은 공급업체가 데이터 오류를 해결하고 다양한 고객 요구 사항을 충족하는 깨끗하고 정확한 파일을 생성하는 데 도움을 줍니다.
이 솔루션은 다양한 소매업체와 도매업체의 다양한 추적 가능성 요구 사항이라는 도전에 대응하며, 공급업체가 모든 추적 가능성 데이터를 한 곳에서 관리할 수 있도록 합니다. CEO 랜디 필드에 따르면, 초기 파일의 최대 35%가 오류를 포함하고 있으며, ReposiTrak은 이를 식별하고 수정하는 데 도움을 줍니다.
주요 이점은 다음과 같습니다:
- 소매업체 및 유통업체와의 관계 강화
- 리콜 및 준수 위반 위험 감소
- 중복 기록 관리를 없애 운영 효율성 향상
ReposiTrak (NYSE:TRAK) a lancé 'Traçabilité pour Tous', une fonctionnalité étendue de son Réseau de Traçabilité ReposiTrak® qui permet aux fournisseurs de partager des données de traçabilité avec n'importe quel client pour aussi peu que 49 dollars par mois. La plateforme basée sur le cloud aide les fournisseurs à résoudre les erreurs de données et à générer des fichiers propres et précis qui répondent aux différentes exigences des clients.
La solution répond au défi des exigences de traçabilité variées de différents détaillants et grossistes, permettant aux fournisseurs de gérer toutes leurs données de traçabilité à un seul endroit. Selon le PDG Randy Fields, jusqu'à 35 % des fichiers initiaux contiennent des erreurs, que ReposiTrak aide à identifier et à corriger.
Les principaux avantages incluent :
- Renforcement des relations avec les détaillants et les distributeurs
- Réduction du risque de rappels et de violations de conformité
- Amélioration de l'efficacité opérationnelle grâce à l'élimination de la redondance des enregistrements
ReposiTrak (NYSE:TRAK) hat 'Rückverfolgbarkeit für Alle' eingeführt, eine erweiterte Funktionalität seines ReposiTrak Rückverfolgbarkeitsnetzwerks®, die es Lieferanten ermöglicht, Rückverfolgbarkeitsdaten für nur 49 Dollar pro Monat mit jedem Kunden zu teilen. Die cloudbasierte Plattform hilft Lieferanten, Datenfehler zu beheben und saubere, genaue Dateien zu erstellen, die den unterschiedlichen Anforderungen der Kunden entsprechen.
Die Lösung geht die Herausforderung an, dass verschiedene Einzelhändler und Großhändler unterschiedliche Rückverfolgbarkeitsanforderungen haben, und ermöglicht es den Lieferanten, alle ihre Rückverfolgbarkeitsdaten an einem Ort zu verwalten. Laut CEO Randy Fields enthalten bis zu 35% der ursprünglichen Dateien Fehler, die ReposiTrak hilft zu identifizieren und zu korrigieren.
Wichtige Vorteile sind:
- Stärkung der Beziehungen zu Einzelhändlern und Distributoren
- Reduziertes Risiko von Rückrufen und Compliance-Verstößen
- Verbesserte betriebliche Effizienz durch Eliminierung redundanter Aufzeichnungen
- Low-cost solution starting at $49/month
- Addresses a significant market need for unified traceability data management
- Revenue potential from large addressable market of suppliers
- Platform reduces operational complexity and compliance risks
- High 35% error rate in initial data submissions indicates potential implementation challenges
- Success depends on supplier adoption and continued customer mandate compliance
Insights
ReposiTrak's new "Traceability for Everyone" solution represents a significant strategic expansion that transforms their business model by extending their addressable market beyond their existing network. Instead of solely facilitating data sharing within their closed ecosystem, they've now enabled suppliers to share traceability data with any customer, regardless of whether those customers use ReposiTrak's platform.
The aggressive pricing strategy (
Their data validation capabilities provide meaningful differentiation, with the company noting that
This move leverages ReposiTrak's existing infrastructure and expertise while creating a new recurring revenue stream with potentially attractive margins. The solution should strengthen their competitive positioning in the growing food traceability market, particularly as regulatory requirements continue to evolve and major retailers implement increasingly sophisticated traceability programs.
This product launch directly addresses a critical supply chain challenge: the proliferation of disparate traceability requirements across major retailers and distributors. Suppliers have been caught in an increasingly complex web of compliance demands, forcing them to maintain multiple systems and processes to satisfy different customers.
ReposiTrak's solution functions as a universal translator for traceability data, allowing suppliers to maintain a single source of truth while formatting outputs to meet each customer's specifications. This includes support for EDI 856 Advanced Shipping Notices (ASNs), which are notoriously complex to implement but essential for doing business with major retailers.
The error identification and resolution component is particularly valuable. When traceability data contains inaccuracies, it creates downstream issues throughout the supply chain and potentially compromises food safety initiatives. By cleaning data at the source, ReposiTrak helps suppliers avoid compliance violations while strengthening their relationships with retail partners.
From an operational efficiency standpoint, centralizing traceability recordkeeping eliminates redundant processes and reduces the administrative burden on suppliers, who can now manage traceability through a single platform rather than maintaining separate systems for each customer. This should drive adoption among mid-size and smaller suppliers who lack the resources to build custom integrations for each retail partner.
Suppliers can now send clean traceability data to any retail, wholesale or restaurant customer through the automated, cloud-based ReposiTrak platform for as low as
“The big grocery retailers and wholesalers have rolled out traceability programs. Each has a different set of requirements, which has created a host of technical and operational challenges for suppliers,” explained ReposiTrak Chairman and CEO Randy Fields. “Our new solution – Traceability for Everyone – allows suppliers to share the data in one place for many customers. We help the supplier to resolve any data errors, and generate a file that’s as clean and accurate as possible for their customers.”
Traceability for Everyone is an expansion of ReposiTrak’s traceability services. It allows suppliers to share the data for every customer, including those who do not require the use of ReposiTrak for traceability data sharing.
Here’s how it works:
- Click GET STARTED to begin.
- Suppliers will be guided through a series of steps to provide information about their company, their customers who have been asking for traceability, and to locate and begin sharing their data.
- ReposiTrak then checks the data file for accuracy, identifies any errors and notifies the supplier of findings and helps with error-resolution.
The resulting data files are as clean and accurate as possible, created in accordance to each customer’s unique requirements, including the use of 856s and ASNs as needed.
By using ReposiTrak’s "Traceability for Everyone" solution, suppliers can:
- Strengthen relationships with retailers and distributors by providing reliable traceability data.
- Reduce the risk of costly recalls and compliance violations by having traceability records in one place.
- Improve operational efficiency by eliminating redundant and manual traceability recordkeeping.
“Over the last year, as we’ve worked to implement traceability for hundreds of suppliers, we’ve found that up to
Suppliers can get started, learn more or prepare to connect by visiting the Traceability for Everyone page on the ReposiTrak website.
Suppliers, retailers, wholesalers/distributors and restaurant operators interested in talking about the range of traceability services offered by ReposiTrak can contact ReposiTrak Chief Customer Officer Derek Hannum directly at dhannum@repositrak.com.
About ReposiTrak
ReposiTrak (NYSE: TRAK) provides retailers, suppliers and wholesalers with a robust solution suite consisting of three product families: food traceability, compliance and risk management and supply chain solutions. ReposiTrak’s integrated, cloud-based applications are supported by an unparalleled team of experts. For more information, please visit repositrak.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250318844960/en/
Derek Hannum
Chief Customer Officer
ReposiTrak
dhannum@repositrak.com
Source: ReposiTrak
FAQ
What is ReposiTrak's new Traceability for Everyone solution and how much does it cost?
How does ReposiTrak (TRAK) handle data accuracy in its traceability platform?
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How does ReposiTrak's new solution address multiple customer requirements?
